Fair Credit Reporting Act to protect credit card users’ rights and how their information is gathered and used.
Option b
<u>Explanation:</u>
The FCRA is a federal law passed in 1970 which process the credit infromation of consumers and also process the report credit of the consumer. It protect the consumer against the misinformation. It is used for addressing the fairness, accuracy and privacy of personal information in the files of the credit reporting systems.
It focus on three major credit reporting agencies Experian, Equifax and Transunion. The FCRA often make reports to media due to information accuracy questioned by group of advocates. This law is also applicable to banks and medical agencies that sell records and business which uses the credit information.
